2014 Restaurant Chain Growth Report
Restaurant chains all over the country are growing and growing quickly. As RestaurantNews.com reports, many chains have grown by more than 5%. Curious about the stats? Let’s break down the report and see which chains have been doing well.
Casual family-style restaurant Kona Grill, which focuses on sushi and American cuisine, has grown 11% and expanded to three new states. Togo’s Eatery, a fast-casual sandwich shop, has increased about 4% and expanded to one new state. Missouri chain Racanelli’s New York Style Pizza (quick serve pizzeria), Ohio’s Cassano’s Pizza and Subs (quick serve) and California’s Old Port Lobster Shack (family-style seafood) have each opened up one new unit. Larger fast-casual chain Fuddrucker’s has opened 11 new units and expanded to two new states. Fast-casual chains Blaze Fast Fire’d Pizza and Pepperjax Grill have increased by 22 and 8 units, respectively.
Casual family chain Rocco’s Tacos & Tequila Bar opened one new unit, while fast-casual burger chain Habit Burger Grill opened 19 new units. Nationwide upscale chain Buca di Beppo grew 3% and expanded to two new states.
So what can you learn from this information? First off, it’s clear that fast-casual and family restaurants are doing well; most of the restaurants reporting growth fit into one of these two categories. While this certainly doesn’t mean that upscale restaurants are on the downswing, the only upscale chain present on the list was Buca di Beppo. Also, restaurants that served beer and wine or had a full bar fared well. Many of the chains reporting growth boast a per person check between $4 and $12, while many other checks came in between $10-$30. Only one chain (again, Buca di Beppo) had a per person check that could average up to $50.
Whether or not this information helps you in terms of your bar or restaurant, it’s important to keep on eye on trends and see which chains are growing as 2014 comes to a close!
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